Strategic Bitcoin Accumulation & Market Insights: October 2024
Current Price : INDEX:BTCUSD $61,898 🚀
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1. Overview of Price and Market Dynamics
Price Action :
Bitcoin is trading at $61,898 , showcasing strong momentum. Market dynamics reflect a balance between whale accumulation 🐋 and short-term speculative movements 📊. The price has consolidated after breaking key support, with large holders dominating market activity.
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2. Accumulation Zones 🛑
Whales have been steadily accumulating in the $55,000 - $58,000 range 🐋, signaling strong confidence in future price appreciation 📈. This zone will act as a significant support level in case of any pullbacks.
- Accumulation Zone : $55,000 - $58,000
- Observation : This zone has the highest concentration of buy orders, making it a critical support area.
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3. Distribution Zones 📈
The primary resistance zone is located between $65,000 and $67,000 . Sell-side pressure is expected to increase as short-term traders take profits 💰. Watch for increased volatility in this zone.
- Distribution Zone : $65,000 - $67,000
- Observation : Significant resistance at this level could trigger a short-term pullback.
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4. Accumulation Strategy 📊
Where :
The ideal accumulation range is between $58,000 - $60,000 , where whales are heavily positioned. Large holders are removing Bitcoin from exchanges and storing it in cold wallets 🧊.
When :
Accumulate during periods of low volatility. Exchange outflows indicate fewer people selling Bitcoin, providing a strong buy signal 🔥.
How :
Use a dollar-cost averaging (DCA) approach between $58,000 - $60,000 to mitigate volatility. Set stop-losses below $55,000 to protect your capital.
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5. Distribution Strategy 💡
Where :
Consider selling around $65,000 - $67,000 , where strong resistance is expected 🛑. This area has previously seen significant sell orders, creating a potential distribution zone for traders.
When :
Look to distribute as Bitcoin nears the $65,000 resistance level. Failure to break this level will likely lead to a pullback 📉.
How :
Use limit sell orders slightly below $65,000 to maximize profits. Long-term holders can consider partial distribution to lock in gains while riding the next potential wave upward 🚀.
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6. Whale Activity and On-Chain Metrics 🐋
Whales have been accumulating Bitcoin steadily between $55,000 - $58,000 . The reduced exchange inflows indicate large holders are moving assets off-exchange 🧊, preparing for a long-term hold. Unspent Transaction Outputs (UTXOs) have been increasing, further confirming long-term accumulation.
Actions :
- Accumulate with Whales : Buy within the whale accumulation zone between $58,000 - $60,000 .
- Monitor Exchange Inflows : Decreasing inflows are a bullish signal for future price appreciation.
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7. Key Technical Indicators 📊
- Support : $55,000 - $58,000
- Resistance : $65,000 - $67,000
Volume :
Volume is building around the $58,000 - $60,000 range, indicating steady accumulation 📉.
RSI :
RSI is neutral, meaning Bitcoin is not yet overbought. Momentum is building for a potential breakout above $65,000 .
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8. Derivatives and Open Interest Analysis 📈
Open Interest :
Bitcoin open interest remains elevated in futures markets, signaling heavy speculative activity. A potential price move above $65,000 could trigger liquidations 🚨.
Funding Rates :
Funding rates are neutral, meaning long and short positions are relatively balanced. This suggests that traders expect further price gains, but not extreme volatility.
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9. Take Profit and Stop Loss Levels 📉
Take Profit Levels :
- $65,000 - $67,000 : Ideal take-profit zone for short-term traders 📈.
- $70,000 : Secondary take-profit target for those expecting a strong breakout.
Stop-Loss Levels :
- $55,000 : Place stop-losses just below this level if accumulating around $58,000 . This ensures capital protection in case of a downside move 📉.
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10. Final Observations and Strategy Summary 🔍
Why :
Whale accumulation, decreasing exchange inflows, and strong on-chain activity suggest that Bitcoin is entering the final stages of accumulation. A breakout above $65,000 could drive prices toward $70,000 .
Where :
Focus on buying in the $58,000 - $60,000 range and aim to sell near $65,000 - $67,000 . Long-term holders should continue holding.
When :
Look for accumulation during periods of low volatility and outflows. Distribute near resistance zones and take profits at critical levels.
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Strategic Actions :
1. Buy : Accumulate between $58,000 - $60,000 .
2. Sell : Take profits near $65,000 - $67,000 .
3. Hold : Long-term holders should maintain positions, as whale activity points to future upside 📊.
Cryptostrategy
Trade Plan for BTCUSDThis trade plan consists of 2 possible entries
First entry begins now on the long side at 61,897
SL: 60,768
TP: 64,407
This is a 1:3 Risk to Reward Setup
Now if we end up getting stopped out, I'll look to enter again on the long side at the 60,000 support handle with a stop loss below the lowest point onscreen and the target remaining at 64,407.
Something to consider: If stopped out on first entry, double up on the second entry.
Important Notes: To mitigrate risk, best to place an alert at the 60,000 handle rather than placing a pending buy limit order. This will allow us to monitor momentum to ensure the 60,000 area will remain supported.
Crypto Earning Strategies for different depositsToday, let's dive into various crypto earning strategies for different deposit sizes. What can you do if your deposit is less than a thousand dollars? Or what options are available for earning with larger capital?
First and foremost, don’t try to grab everything at once!
There are countless ways to earn, but focus and knowledge are paramount! Time is also a constraint; we can't do it all! Choose a few directions or assemble a team.
Level 1: Deposit Amount Up to $1,000
At this level, you need to boost your capital to $5,000-10,000 as quickly as possible. Don't rely on long-term profits—aim to earn within 2-3 months.
Active engagement can quickly deplete free capital: testnets, nodes, staking, lending protocols, etc. Long-term activities may yield profits only in 9-12 months. Therefore, if your deposit is under $1,000, focus on these activities:
Testnets: Some blockchains offer tester collaboration opportunities before launch. Projects get feedback, and testnet users receive potential rewards.
Ambassador Programs: Help projects grow (design, edit, write articles, create memes) and earn rewards.
Airdrops: Be active during a project’s development stage. Depending on the product (web application, blockchain, exchange), activities may include executing transactions, adding tokens to liquidity pools, minting NFTs, etc.
Testnets and ambassador programs are more suited for Tier-1 projects. For airdrops, focus on Tier-2 and Tier-3 projects.
LayerZero and zkSync cases validate this approach. Users focusing on these projects haven't yet received their drops and might have missed other profitable activities (like StarkNet, Wormhole, and Aevo) due to blocked liquidity.
Level 2: Deposit Amount from $1,000 to $10,000
If Level 1 requires scalability, Level 2 calls for diversification. Users with this financial capability can engage in a wider range of activities, allocating capital to both medium- and high-capitalization projects.
For deposits from $1,000 to $10,000, focus on:
Medium-Term Investments: Buy BTC, ETH, niche tokens, or memecoins. Use platforms for crypto market analysis, on-chain analysis, and other tools.
Tokens: Despite lower ICO profitability compared to 2017, investing in early-stage projects can still be profitable.
Nodes: Earn rewards for participating in blockchain activities. For instance, Celestia node owners earned about 4,500 TIA ($45,000 as of April 2024).
Be active in Tier-1 projects to receive airdrops. A larger deposit allows you to overcome "stagnation" without missing new earning opportunities.
Level 3: Deposit Amount from $10,000 to $100,000
At Level 3, focus on expansion. Don’t try to invent complex earning methods. Users with deposits between $10,000 and $100,000 should perform the same activities but on a larger scale.
Previously, you might have set up a node, performed retroactivities, and participated in ICOs for one project. Now, do the same for 10-20 projects. Focus on other operational tasks:
Risk Management: Take less risk for unlikely events, and more for highly likely events.
Activity Management: Allocate resources effectively, considering trends and project popularity.
Personnel Management: Delegate work to employees.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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• Look at my ideas about interesting altcoins in the related section down below ↓
• For more ideas please hit "Like" and "Follow"!
KOG - Simple Trading Strategy Simple Trading Strategy - Generate your own take profit targets.
Today we're going to share with you a simple yet effective trading strategy that can be used on any instrument. Like any other trading strategy its not 100%, but, you can see from that illustration how effective it can be in keeping you in the right direction on a pair. You can add Moving averages to this as well as which ever indicators you prefer to use and fine tune the strategy to make it work for you. We must stress, with this strategy you have to have a confident ability in charting and have an understanding of support and resistance levels as well as key zones and regions of liquidity.
The bonus with the strategy is it can be applied to all time frames, it can be used to swing trade on longer time frames and to scalp on short time frames. So when we publish our daily morning reviews with our levels and say "LEVEL TO LEVEL" trading, this strategy gives you an idea of what we're suggesting. Also, when we share our 15M levels and zones you can apply this strategy to trade your way up or down to the target.
So lets begin:
1) Start with the 4H chart
2) Look for price action where the price was previously in the same range
3) Use the highs and the lows of swings to plot your support and resistance lines
4) Switch to the 1hr chart
5) You are looking for candle body closes above or below the support or resistance lines. The bigger the candle body close the more accurate the target above is.
We can use this strategy to take numerous trades in up and down until the target level is reached.
This strategy also helps you with your entries and exits. Once you plot the lines and see the price is in between two lines of support and resistance, you will know not to enter a trade. Wait for the pull back on the smaller timeframe or for your chosen indicator to give you the signal!!
NOTE:
• Lines can never be accurate but try to get them as precise as possible
• You must update your lines daily as support and resistance levels change
• You must have a risk strategy in place. On most occasions there will be a pullback or retracement on price which can put you in drawdown.
• Money and risk management are priority when using this strategy.
• Nothing is 100% but once you add the Excalibur target to the chart you have clearer idea of direction.
ALWAYS REMEMBER:
MAs and indicators are lagging, when using this strategy try to keep it simple and clean. Basic support and resistance levels along with a decent candle body close.
Try it, backtest it, apply it. Let us know your findings.
As always, trade safe.
KOG
TIA has formed a Bullish flagTIA has formed a Bullish flag, it can continue to go lower to 17.545 Before it moving up.
🔵Entry Zone 17.5451 - 18.4544
🔴SL 16.1969
🟢TP1 19.2169
🟢TP2 20.5598
🟢TP3 21.8846
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments.
10 public crypto trades for the last month - statistics on TVHello colleagues!
Since 17 August 2023, we have changed the format of our ideas on tradingview.
Instead of medium-term forecasts, where we shared the main and alternative scenarios of price movements, we started publishing potential trades.
In addition, we backed these trades with specific amounts of money to show how cryptocurrency trading looks like in practice.
From 17 August to the present day, the price of bitcoin has not shown a specific trend:
Low volatility abruptly changed to high volatility and then subsided. For us, it was not a very pleasant time to trade. Nevertheless, we want to analyze 10 trades that we published during this period and share our financial results for the month.
Trade #1 is a short on Bitcoin:
In this trade, we tried to enter a short position on a rebound from the $29,000 range. However, the price of BTC fell without correction, without taking us with it. We allocated $5000 for this trade, but we failed to realize this drop. Therefore, we do not count this trade in our statistics.
Trade #2 Long SUI
In this trade, we entered at $10,000 and it was fully executed. Buyers were able to hold the range of $0.523 and take the price to our target of $0.6114.
Notice how high the volatility was on the SUI chart. After this top bounce, the price of SUI dropped by $0.4188.
On this trade, we took 16.84% of the price movement and earned $1450 . Why? We took profits in two places, at $0.58 and $0.6114. It was safer for us, as the other one does not always reach the desired target.
Trade #3 Bitcoin long
After the BTC price consolidation formed, we expected local manipulation to enter the position safely. However, sellers failed to update the local lows, and we again saw the BTC price move without a position. We had allocated $10000 for this trade, but again failed to jump into the trade. It's not good, the trade is not active, let's move on.
Trade #4 LTC Long
Since then, our understanding of the market has been failing us. However, the risk management did not let us down. The logic of the LTC trade was as follows:
There was a downward momentum, which could have been the culmination of the fall
A phase of position building began
There was a local increase in the LTC price, which could indicate the start of a new wave.
Understanding the market in this way, we expected to catch a 20% growth momentum on a local correction. The stop order was short - 3%. However, the price reached our stop order very aggressively and continued to fall by another 7.5%.
We allocated $10000 for this trade. Considering that our stop order was 3.82%, we lost $390.
Trade #5 Long C98
It was an experimental trade. You can probably tell by the target we set and the stop order. While Bitcoin was in consolidation, low-liquid assets began to make good waves of growth. By that time (2 September 2023), they had already risen by 100% or more:
#AGLD
#BLZ
#CYBER
#JOE
#NMR
And others
Analyzing the cryptocurrencies that started strong impulses, we selected several cryptocurrencies in order to calculate who might be next. That is why we set a short stop order and halved the size of the position to $5000.
The result was -$165. However, if the trade had been executed, we would have received $6000. Is it wise to get 20 stop losses at $165 to get one powerful trade? Write your answers in the comments!
Trade #6 Long INJ
The INJ trade is the second attempt to catch a powerful trade with low risks. At the moment, the trade is successful and shows +10% . We will record this result for the trade, as it is unclear how long it will take to implement this trade. Nevertheless, the chance of a retracement is quite high.
We allocated $10000 for this trade. Taking into account that we record 10% of the price movement for statistics, the profit on the trade is $1000.
Trade #7 Short OCEAN
This trade is the first one where the stop loss was triggered incorrectly. That is, the stop was triggered, but the price went in the right direction. Perhaps it is worth analyzing this trade in more detail. At the time of planning a potential trade, we saw some weakness on the buy side:
The price of OCEAN reached the $0.329 range and sellers became more active. Please note that the bulls have updated their local lows. And after a false breakout of the $0.329 range, they did it again. Given the weak wave of OCEAN's growth after that, we didn't expect the pair to update local highs, so we decided to place a short stop.
Could we have placed a longer stop in this situation? Yes, but the looping stop order would have had to be at $0.341. In this case, the ratio of potential profit to loss was incorrect. Therefore, in this case, we saved on the size of the stop order and suffered a loss. But as you can see, OCEAN is quite strong and has not yet reached the final target (only the first one).
We allocated $10000 for this trade and suffered a loss of $204
Trade #8 ANKR long
The same logic was used here as with the C98 and INJ trades. A short stop order and a calculation on the momentum. The result was the triggering of the stop order.
We allocated $5000 for this trade, so the loss is $120
Trade 9 - Bitcoin long
After two previous attempts to catch a trade on bitcoin in this situation, we changed our tactics. We still believed that without a false breakout, the price of BTC would not start local growth. However, in order not to lose our position, we identified two buy zones. This time, two buy zones worked and the price reached our targets.
We allocated $10,000 for this trade. Having caught about 6% of the price movement, we earned $601
Trade #10 Long CFX
This is the fourth experimental trade, which was aimed at catching a powerful upward momentum. In this trade, we moved the stop loss lower due to the growing level of volatility in the market. However, as practice has shown, it was in vain.
As a result, we got a stop loss of -7.96 %. We allocated $5000 for this trade. The loss on this trade was -$398.
Financial results of the first 10 public trades for the period from 17 August to 8 September
Trade #1 - short on Bitcoin: the trade did not take place
Trade #2 Long SUI: +$1450
Trade #3 Bitcoin long: the trade did not take place
Trade #4 LTC Long: -$390
Trade #5 Long C98: -$165
Trade #6 Long INJ: +$1000
Trade #7 Short OCEAN: -$204
Trade #8 Long ANKR: - $120
Trade #9 - Bitcoin long: +$601
Trade #10 Long CFX: - $398
Total result: $1774.
As you can see, having more unprofitable trades with proper risk management can help you make a profit in such a volatile market as we are in now.
What are your financial results for the past month? How is your trading going? Write your thoughts about our trades and our statistics in the comments!
P.S. All the figures we used in these statistics are publicly available on tradingview.
How to Backtest a Crypto Trading StrategyWhile not the most glamorous aspect of trading, backtesting is crucial for developing a successful crypto trading strategy. In this article, we’ll explore the importance of backtesting, its advantages and disadvantages, and the different methods available for backtesting your crypto technique.
What Is Backtesting in Crypto?
Backtesting is a method for evaluating the effectiveness of a crypto trading strategy by simulating its performance using historical price data. This process helps traders understand how their strategy would have performed in the past, providing valuable insights into the likelihood of positive results in the future.
By analysing the outcomes of their strategy over a large amount of crypto backtest data, traders can identify potential strengths and weaknesses, fine-tune their systems, and ultimately build confidence in their decision-making processes. In essence, backtesting is a risk-free way to assess and refine trading strategies before deploying real capital in the volatile cryptocurrency market.
Reasons Traders Backtest a Crypto Strategy
Backtesting offers several advantages that can help improve your trading performance and confidence in your strategy. Here are four key reasons why traders backtest your trading strategy.
Preparation for Live Trading
Using historical data to see how your strategy would have performed allows you to prepare for live trading. Instead of diving headfirst into the markets, taking the time to understand how your strategy really works through backtesting will enable you to make improvements and identify any gaps in your knowledge.
Reduces Risk
Backtesting, like other forms of testing, mitigates your overall risk. The main risk in trading is losing hard-earned capital. Backtesting reduces the chances of losing capital, both by helping to develop your understanding and by determining whether your strategy works in the first place.
Build Trust in Your Trading Strategy
The backtesting process exposes you to various market conditions and situations, offering an overview of how your strategy performs under different circumstances. Consequently, you can develop greater trust in your trading strategy and gain the confidence needed to execute trades consistently.
Generate New Ideas
Studying historical data can reveal repetitive patterns in the market that are directly related to your strategy, helping to spark new ideas and approaches that may increase your chances of success.
Two Ways to Backtest Your Strategy
There are two primary methods for backtesting a crypto trading strategy: manual and automated. Each approach has unique advantages and drawbacks, so choosing the right method depends on your preferences, skills, and available resources.
Manual Backtesting
Manual backtesting involves examining historical price data with your own eyes and applying your trading strategy to see how it would have performed in the past. This hands-on approach requires you to scroll through charts, identify trade setups, and manually calculate the profit and loss for each trade. Here's how to perform manual backtesting:
1. Open the chart of your preferred crypto asset, and set it up as outlined in your strategy. This might mean initialising any indicators your strategy uses, setting a timeframe, or highlighting specific areas.
1.1. In this example, we’re using a simple moving average (SMA) crossover strategy on the 1-hour chart to enter and exit trades when the 20-period SMA crosses the 50-period SMA.
2. Find a suitable place to begin the backtest on your chart. Aim to balance covering a large amount of data and not making the process unwieldy with too much data. Enough price action for 20-30 setups is a good place to start.
3. Move the chart candlestick by candlestick. In other words, watch the far right of the chart and move forward slowly. In most trading software, this can be done by tapping the right arrow key on your keyboard.
4. Identify trade setups that align with your strategy, staying aware of your rules and aiming to replicate how you would trade for real.
4.1. Here, we would look for the crossover before noting an entry and exit.
5. Document the results. This can be done on pen and paper if desired, but a spreadsheet is often your best bet. A spreadsheet lets you easily calculate profit/loss ratios, average risk/reward ratios, and other statistics. It’s a good idea to include a couple of sentences about the setup, the date and time, and a screenshot alongside other necessary data, like profits and losses.
6. Repeat the process, ideally over at least 20-30 trades, to gather a decent sample of data. There’s almost no downside to extending this to 50-100 trades, although you may want to break this up into multiple backtesting sessions.
Manual backtesting involves elements of trading psychology, which can help you master psychological pitfalls faster. However, it can be time-consuming, and you’ll likely make some mistakes that may skew your results.
Automated Backtesting
Automated backtesting streamlines the process by using technology to test your trading strategy. This method typically requires coding and applying your strategy to historical data, allowing the software to calculate outcomes automatically. Automated backtesting works similarly to manual backtesting, with the primary difference being the speed and convenience provided by technology.
There are many avenues available to traders looking to backtest automatically. The popular MetaTrader 4/5 platforms have backtesting capabilities, as does FXOpen’s native TickTrader platform.
Dedicated cryptocurrency backtesting platforms, like Cryptohopper, tailor the experience to crypto traders and can even remove the need to code a strategy. These no-code crypto backtesting platforms may be less versatile than coded solutions.
To perform automated backtesting, you'll need to choose a timeframe, trading asset, and strategy, just like with manual backtesting. However, the entire process is carried out automatically, allowing you to evaluate your strategy's performance over large data sets more efficiently. The main challenge of automated backtesting is possessing the skills necessary to code your strategy or the resources to hire someone who can.
Drawbacks of Backtesting Your Strategy
While backtesting your crypto trading strategy can provide valuable insights, it's important to keep in mind that the process has some limitations.
Historical Success Doesn't Guarantee Future Results
Just because a strategy performed well in the past doesn't mean it will continue to do so in the future. A once profitable strategy may become less effective as new trends emerge or market dynamics shift. This is why forward testing with a demo account is a way to confirm your strategy's effectiveness.
Overfitting
Overfitting is a bigger issue in automated backtesting, although it does apply to manual testing. Overfitting means adjusting your strategy to produce optimum results on historical data and assuming that these are the perfect parameters for future performance. While some amount of tinkering is likely a good thing, too much can give a false impression of your system's results and lead to frustration, and potential losses, down the line.
Volatility and Market Influences
The crypto market is known for its volatility, and the performance of Bitcoin and overall market sentiment heavily influence the price of many cryptocurrencies. This can make it more difficult to identify consistent patterns or develop effective strategies across various conditions than in other asset classes.
Choosing Your Backtesting Style
Whether to use manual or automated backtesting depends on your individual needs, preferences, and resources. Consider these factors when choosing your backtesting style.
Time Commitment
Manual backtesting can be time-consuming, especially if you're analysing a large amount of data or working with multiple timeframes. Automated backtesting may be a more efficient option if you have limited time available for backtesting.
Technical Skills
Automated backtesting requires knowledge of coding or access to someone who can help create the necessary software. If you're not comfortable with coding or don't have access to help, manual backtesting may be more suitable.
Emotional Involvement
Manual backtesting can help you better understand your trading psychology and emotional reactions to market movements. This approach may help improve your decision-making process when live trading.
Accuracy
Automated backtesting can process large amounts of data quickly and accurately, minimising the risk of human error. Automated backtesting may be the better option if you're looking for a more precise and objective assessment of your strategy's performance.
Ultimately, the choice between manual and automated backtesting will depend on your specific needs and circumstances. You may even find it helpful to use a combination of both approaches to gain a deeper understanding of your strategy's performance.
The Bottom Line
In summary, backtesting is an essential tool for any crypto trader looking to develop and refine their trading strategy. It may seem arduous, but your trading performance will thank you for it.
While these tips are tailored toward crypto, they can largely be applied to whichever asset class you prefer to trade, like forex, stocks, and commodities. Once you’re done backtesting, you can open an FXOpen account to gain access to these markets, the advanced TickTrader platform, and more. Alternatively, you can open a free demo account if you’re looking to begin forward testing your strategy. Good luck!
At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. They are not available for trading by Retail clients.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Dash is bullish.The RSI is above its neutrality area at 50.
The MACD is positive and above its signal line.
The configuration is positive.
Moreover, the price is above its 20 and 50 period moving average (respectively at 141.9 and 142.4).
Our preference: The upside prevails as long as 139.7 is support.
Alternative scenario: The downside breakout of 139.7 would call for 135.2 and 132.6.
Bitcoin cash: the upside prevails as long 375.1 is support.The RSI is trading above 70.
This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case).
The MACD is above its signal line and positive.
The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 377.1 and 372.4).
Our preference: The upside prevails as long as 375.1 is support.
Alternative scenario: Below 375.1, expect 365.3 and 359.5.
LTCUSD: the RSI is overbought.The RSI is above 70.
It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case).
The MACD is above its signal line and positive.
The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 135.3 and 133).
Our preference: The upside prevails as long as 135.1 is support.
Alternative scenario: Below 135.1, expect 130.8 and 128.2.
Fresh Ethereum move being caught 🌊We are using our trend following EDGE strategy for this Ethereum short trade.
Entry details are shown on the chart.
Trade has been live since 15:00 UK time.
Working the H1 time frame here and we're only looking for TP3.
Previous trades can also be seen on chart the last one was covered in an idea this morning.
As always the report box at foot of the idea shows the stats for this strategy.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
Bitcoin Entries + Exits for FREEThe ENTRY/TP zones are your entries as well as your exits.
Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break.
Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule.
More info on the strategy and how to play it:
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
ETHEREUM Entries + Exits FOR FREE!How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
ETHEREUM; Buy the Dip and Let's go For Another Rip✨ We provide charts every day ✨
Like and Follow to help us grow family! 🎉
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Hello world computer! ETH is above $200 and looking bullish AF. Let's look for some entries / re-entries and ride these ETH bulls.
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1. The recovery in equities and BTC run has been treating ETH nicely. Right now we have a pullback on ETH, but otherwise the trend is bullish, so let's look for an entry.
2. Directional Bias is showing an uptrend (Teal bar color) for ETH on the hourly. With this strategy we want to enter on pullbacks with a retest of orderblocks along the trend. Right now we have an uptrend, so we want to enter on retests of bullish orderblocks below the current price.
3. We are looking at S1 and S2 for entries.
4. We will exit the position if Directional Bias signals a downtrend by showing a Maroon bar color, or if our stop loss targets as illustrated on the chart are hit.
5. After we get our entires, assuming we move to the upside and aren't stopped out, then we will be looking for exits in the R1 and R2 ranges.
[ETHUSD +3.5%] Spectro™ M Bullish Reversal WarningThis is a signal using Spectro™ M
This is a strong reversal signal since we have every single indicator in Spectro pointing towards the reversal.
The blue background is the trend analyzer telling you that we are entering a reversal zone.
The Specter Clouds™ predicts not only the oversold area but also predicts the sell target, it tells you how far off an organic move we are, so if you measure from where we are now to the top of the green cloud that's our 3.5% target.
As you can see from past trades the clouds can be very precise prediction future price.
The big green triangles mean that Spectro check 20 other indicators and they all agree in a reversal.
The Warning is also turned on, which means a possible direction change.
So pretty much we have all signals that come before the confirmation.
We didn't have any Spectro™ M confirmations yet, but still, this is an asset that you might want to watch closely since Spectro™ M just triggered a bullish reversal alert and the downtrend is almost reversing.
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BCH-Bulls AheadAs you can see in my chart, we have now completed waves 1 & 2. Wave 3 will now begin and I'm expecting the wave to extend to the 1.618 Fibonacci Level or 1.382 at the very least. We had an Irregular correction which allowed Wave 4 to go into the price area of Wave 1.
We have just went through an extended correction which means we will have a strong move once the correction has ended.
Place a stop-loss just underneath of Wave 1.
Stay thirsty my friends,
-AB
*educational only